Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expense

Transaction and integration expenses

Special charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

McCormick

McCormick & Co., Inc. is engaged in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment operates by selling to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce through the following brands: McCormick, French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor, and DaQiao. The Flavour Solutions segment sells to food manufacturers and the foodservice industry both directly and indirectly through distributors, except for its businesses in China and India. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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McCormick projects sales growth and margin expansion despite challenges

McCormick acknowledges a challenging year but expresses confidence in the outlook for 2023. Strong consumer demand and cost savings programs expected to offset challenges. Pricing strategy and new product lines driving growth and attracting new consumers.

McCormick reports solid Q1 results, focuses on innovation and growth

McCormick's Q1 2023 performance showcased sales growth, steady operating income, and improved gross margins, despite challenges in certain regions and increased expenses.
The company's strengths lie in the success of Flavor Solutions and Consumer segments, with opportunities in innovation, sales growth, and debt reduction strategies.
Challenges include flat volume outlook, higher expenses, and regional disruptions, but McCormick remains focused on driving long-term value for shareholders.
Overall, McCormick's strategic focus on innovation, cost optimization, and market trends positions them well for sustainable growth and profitability in 2023.

McCormick reports robust Q2 results, eyes margin expansion and growth

McCormick's Q2 performance showcased strong financial results, with a focus on margin expansion and growth in key segments. Despite challenges in China and certain business exits, the company remains optimistic about future opportunities and growth prospects.

McCormick reports strong Q3 earnings amidst China challenges and growth opportunities

McCormick's Q3 earnings call highlighted strong performance and sustained demand for flavor products. Despite challenges in China and market share pressures, the company remains focused on innovation, efficiency, and margin improvement. Opportunities for growth exist through delveraging, M&A, and continued distribution gains.

McCormick reports Q4 sales growth and margin expansion, faces margin challenges

McCormick's Q4 performance showed sales growth and margin expansion, with a focus on volume-led growth and brand investments. Challenges include consumer behavior shifts and margin pressures in Flavor Solutions, but opportunities lie in investments and margin improvement strategies.

McCormick reports 2% sales growth in Q1 2024 earnings

McCormick's Q1 performance showed sales growth driven by pricing actions, with volume improvements in key segments.
The company faces challenges in certain product categories but is focused on driving volume improvement and gross margin expansion.
Opportunities lie in strengthening the China business, activating price gap management efforts, and leveraging successful product strategies.
Overall, McCormick's financial outlook for 2024 remains positive, with expectations of continued sales growth and earnings increase.

McCormick Q2 2024: Sales Dip, Innovation Drives Growth

McCormick's Q2 2024 earnings reflected a slight sales decline, countered by strategic innovations and market adaptations. With a management transition on the horizon and a confident outlook towards achieving its 2024 financial goals, McCormick is poised to leverage consumer trends and new product lines to drive future growth.

McCormick meets Q3 expectations, eyes growth through key investments

McCormick's Q3 showcased success in key segments, with a focus on driving top-line growth through various levers. Despite challenges in cash flow and certain regions, the company remains optimistic about its outlook for 2024.

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McCormick & Co., Inc. engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces. The Flavor Solutions segment includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. The company was founded by Willoughby M. McCormick in 1889 and is headquartered in Baltimore, MD.

McCormick & Co. Inc. MKC, -1.50%, the parent of flavor brands including French's, Frank's RedHot and McCormick spices, reported Thursday fiscal second-quarter profit that beat expectations and raised its full-year outlook, while sales came up just shy of forecasts as volume fell. Net income for the quarter to May 31 rose to $152.1 million, or 56 cents a share, from $118.5 million, or 44 cents a share, in the year-ago period.

McCormick beats profit expectations and lifts full-year outlook, while sales comes up a bit shy

HUNT VALLEY, Md. , June 29, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2023 and raised fiscal 2023 profit outlook.

McCORMICK REPORTS STRONG SECOND QUARTER PERFORMANCE AND RAISES 2023 PROFIT OUTLOOK

McCormick & Co. Inc. MKC, -1.50% said late Wednesday that its board has promoted Brendan Foley to the role of chief executive officer, effective Sept. 1. Foley was also elected to the board, effective immediately.

McCormick promotes Brendan Foley to CEO

HUNT VALLEY, Md. , June 28, 2023 /PRNewswire/ -- The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the promotion of Brendan Foley to President and Chief Executive Officer (CEO) for the Company effective September 1, 2023.

Brendan Foley promoted to McCormick Chief Executive Officer; Lawrence Kurzius to continue as Executive Chairman of the Board

McCormick's (MKC) second-quarter results are likely to reflect gains from the Comprehensive Continuous Improvement program amid cost inflation.

McCormick (MKC) Gears Up for Q2 Earnings: Things to Note

McCormick (MKC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

McCormick (MKC) Earnings Expected to Grow: Should You Buy?

CHICAGO & SAN JOSE, Calif.--(BUSINESS WIRE)--Kim McCormick, an Audit partner and the Bay Area Not-for-Profit Practice leader at Grant Thornton LLP, has been named one of the Silicon Valley Business Journal's 2023 “Women of Influence.” The annual awards recognize outstanding business, nonprofit and community leaders who have made a demonstrable impact in the Bay Area. McCormick and her fellow honorees will be celebrated at an event at the Signia by Hilton hotel in downtown San Jose on Thursday,.

Grant Thornton's Kim McCormick named one of Silicon Valley Business Journal's 2023 “Women of Influence”

Here is how McCormick (MKC) and Monster Beverage (MNST) have performed compared to their sector so far this year.

Is McCormick & Company (MKC) Stock Outpacing Its Consumer Staples Peers This Year?

McCormick (MKC) benefits from its Global Operating Effectiveness and Comprehensive Continuous Improvement programs and prudent acquisitions.

Here's Why McCormick (MKC) Looks Well-Positioned for Growth

Two $40,000 Charles Perry McCormick Scholarships Awarded to Georgiana Benckini of Notre Dame Preparatory School and Carter Herbert of Perry Hall High School HUNT VALLEY, Md. , June 8, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, announced Georgiana Benckini and Carter Herbert as the 89th and 90th recipients of the Charles Perry McCormick Scholarship, worth $40,000 over four years.

McCormick Recognizes 2023 Unsung Heroes During In-Person Event at M&T Bank Stadium; Awards $105,000 in Total Scholarships

McCormick (MKC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes McCormick (MKC) a New Buy Stock

McCormick (NYSE: MKC ) stock is extra spicy on Tuesday after the seasonings company got a double upgrade from Bank of America analyst Peter Galbo. This saw the Bank of America analyst increase shares of MKC stock from an “underperform” rating to a “buy” rating.

MKC Stock Alert: BofA Double-Upgrades McCormick Shares

HUNT VALLEY, Md. , June 1, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is scheduled to conduct a conference call and webcast of its second quarter 2023 financial results on Thursday, June 29, 2023, at 8:00 a.m.

McCormick & Company, Incorporated to Report 2023 Second Quarter Financial Results on June 29, 2023

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SOPHIA ANTIPOLIS, France--(BUSINESS WIRE)--Median Technologies to participate in the 2023 ASCO Annual Meeting, June 2-6, 2023, McCormick Place, Chicago, IL, USA.

Median Technologies to participate in the 2023 ASCO Annual Meeting, June 2-6, 2023, McCormick Place, Chicago, IL, USA

HUNT VALLEY, Md. , June 1, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced the appointment of Ana Sanchez, President-Europe, Middle East and Africa (EMEA), Andrew Foust, President-Americas, and Kasey Jenkins, Chief Growth Officer, to its Management Committee, the Company's highest leadership team.

McCormick Appoints Ana Sanchez, Andrew Foust, and Kasey Jenkins to the Company's Management Committee

Goldman Sachs

Goldman Sachs Group Inc. GS, -0.69% senior executive Dina Powell McCormick is joining merchant bank BDT & MSD Partners, The Wall Street Journal reported Tuesday. Citing people familiar with the situation, the newspaper reported that McCormick will take on the newly-created positions of vice chairman and president of global client services at BDT & MSD Partners.

Goldman Banker Dina Powell McCormick to become vice chair of BDT & MSD Partners: WSJ

The Wall Street veteran is set to assume the newly created roles of vice chairman and president of global client services at BDT & MSD Partners, a merchant bank run by former Goldman bankers.

Goldman Sachs Executive Dina Powell McCormick to Depart for Merchant Bank

Conagra Brands

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Lamb Weston Hlds

Online grocery sales are increasing on higher average orders, which is likely to help stocks like Conagra Brands (CAG), The Kraft Heinz Company (KHC), Lamb Weston Holdings (LW) and McCormick & Company (MKC).

4 Grocery Stocks to Buy on Jump in April Online Sales

HUNT VALLEY, Md., May 22, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in the Deutsche Bank Global Consumer Conference at 9:15 AM CEST / 3:15 AM ET, on Wednesday June 7, 2023.

McCormick & Company to Participate in the Deutsche Bank Global Consumer Conference

Krispy Kreme

Retail sales are rebounding but consumers are cautiously spending on necessities, helping stocks like Krispy Kreme (DNUT), McCormick & Company (MKC), Conagra Brands (CAG) and Lamb Weston Holdings (LW).

4 Consumer Staples Stocks to Buy on a Jump in Retail Sales

HUNT VALLEY, Md. , May 17, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that Malcolm Swift, President Global Flavor Solutions and Chief Administrative Officer (CAO), will retire at the end of fiscal year 2023.

McCormick Announces Malcolm Swift's Plan to Retire

Target

For conservative investors who are looking for reliable income streams, the best consumer goods stocks to buy are the dividend aristocrats within that sector. These are the stocks of consumer goods companies that have raised their dividends for at least 25 consecutive years.

3 Consumer Goods Stocks to Buy for Consistent Dividends

McCormick is best known as a spice company, but it has been moving into the flavorings space. It made a material splash with the purchase of the French's mustard business in 2017 and followed that up with the acquisition of Cholula hot sauce in 2020.

After a String of Acquisitions, This Food Giant Is Feeling the Sting of Higher Interest Rates

General Mills

Grocery stocks like Conagra Brands (CAG), McCormick & Company (MKC), General Mills (GIS) and Lamb Weston (LW) are likely to benefit even during these trying times.

News for McCormick Stock (MKC)